Recap: icad Q3 Earnings
Portfolio Pulse from Benzinga Insights
icad (NASDAQ:ICAD) reported Q3 earnings with an EPS of $-0.05, beating estimates by 37.5% but with a revenue decrease of $2.28 million from the same period last year. Despite beating EPS estimates last quarter, the share price dropped by 1.2% the following day.
November 13, 2023 | 9:10 pm
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NEGATIVE IMPACT
icad reported a better-than-expected Q3 EPS but saw a decline in revenue compared to last year. Historical data shows a share price drop following the last earnings beat.
While icad beat EPS estimates, the decline in revenue and past share price drop after a positive earnings report suggest a potential negative short-term impact on the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100